Nonprofit · EIN 22-3302238
PROVIDENT CHARITIES INC
Tax-exempt · ISELIN, NJ 08830
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $339,624 | $342,000 | -$2,376 | $195,581 | $172,581 | $23,000 |
| December 31, 2023 | 990 | $405,773 | $396,702 | $9,071 | $288,636 | $263,260 | $25,376 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $348,318
- Program service revenue
- $0
- Investment income
- $43
- Net income from fundraising events
- -$8,737
- Other revenue
- -$8,737
Expenses
- Grants and similar amounts paid
- $342,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $342,000
Balance sheet and other
- Total assets, start of year
- $288,636
- Total assets, end of year
- $195,581
- Total liabilities, end of year
- $172,581
- Net assets, end of year
- $23,000
- Net assets without donor restrictions
- $23,000
- Gross receipts
- $461,003
- Employees
- 0
- Volunteers
- 5
- Year formed
- 1994
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONALD SCHWARZ | PRESIDENT (THRU 09/24) Trustee or director, Officer | 2 | $0 |
| BRENDAN ECCLESTON | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| ADRIANO DUARTE | TREASURER (START 10/24) Trustee or director, Officer | 1 | $0 |
| THOMAS S SHARA | PRESIDENT (START 10/24) Trustee or director, Officer | 2 | $0 |
| RITA MYERS | SVP AND TREASURER (THRU 12/24) Institutional trustee | 1 | $0 |
| TIMOTHY MATTESON | VICE PRESIDENT Institutional trustee | 0.5 | $0 |
| KAREN GARRERA | VICE PRESIDENT (START 10/24) Institutional trustee | 0.5 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ronald Schwarz | President Institutional trustee, Officer | 2 | $0 |
| Rita Myers | SVP and Treasurer Institutional trustee | 1 | $0 |
| Timothy Matteson | Corporate Secretary Institutional trustee | 0.5 | $0 |
| Brendan Eccleston | Assistant Secretary Institutional trustee | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 111 WOOD AVE S STE 200, ISELIN, NJ 08830-2700
- Principal officer (990 for 2024)
- DIMITAR SAPUNDZHIEV, 111 WOOD AVENUE SOUTH SUITE 200, ISELIN, NJ 08830
- Signed the 990
- ADRIANO DUARTE, TREASURER
- Phone
- (862) 260-3990
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
THE PROVIDENT BANK FOUNDATION INVESTS IN MARGINALIZED COMMUNITIES WITHIN PROVIDENT BANK'S BRANCH NETWORK BY COLLABORATING WITH NONPROFIT ORGANIZATIONS THAT ALIGN WITH THE VALUES WE CARE ABOUT. TOGETHER, WE EMPOWER INDIVIDUALS ON THEIR PATHS TO ECONOMIC SELF-SUFFICIENCY BY ADDRESSING THE MULTIFACETED ISSUES THAT PERPETUATE THE CYCLE OF POVERTY.
Program accomplishments
- PROVIDENT CHARITIES INC. PRIMARILY CONDUCTS TWO CHARITY GOLF OUTINGS - ONE TO DONATE PROCEEDS TO OTHER 501(C)(3) ORGANIZATIONS, AND THE OTHER TO GRANT SCHOLARSHIPS TO DESERVING LOW TO MODERATE INCOME INDIVIDUALS. IN 2024, THE PROVIDENT CHARITIES INC'S GRANT PROGRAM PROVIDED 19 GRANTS TOTALING $342,000 TO DESERVING 501(C)(3) ORGANIZATIONS AND CHARITABLE FOUNDATIONS WHOSE PROGRAMS FOCUS ON IMPROVING THE WELL-BEING OF YOUTH AND FAMILIES.Expenses $342,000 · grants $342,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-3302238
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $195,581
- Income (IRS master file)
- $461,003
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $339,624 | $342,000 | $195,581 | XML |
| 990 | December 2023 | $405,773 | $396,702 | $288,636 | XML |
| 990 | December 2022 | $382,103 | $412,990 | $330,149 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-3302238).
Questions about PROVIDENT CHARITIES INC
- What is the EIN of PROVIDENT CHARITIES INC?
- The employer identification number (EIN) of PROVIDENT CHARITIES INC is 22-3302238.
- Is PROVIDENT CHARITIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to PROVIDENT CHARITIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROVIDENT CHARITIES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PROVIDENT CHARITIES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROVIDENT CHARITIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PROVIDENT CHARITIES INC?
- The 990 for the year ended December 31, 2024 names DIMITAR SAPUNDZHIEV.
- Who are the officers and directors of PROVIDENT CHARITIES INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does PROVIDENT CHARITIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $339,624, expenses of $342,000 and total assets of $195,581 at year end.
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